Suppose that the price of doughnuts decreases. Given that doughnut-holes are a by-product of producing doughnuts, one would expect:
A. the supply of doughnuts to increase.
B. the supply of doughnut holes to increase.
C. the supply of doughnuts to decrease.
D. the supply of doughnut holes to decrease.
Answer: D
You might also like to view...
Which factor of production does human capital enhance?
i. land ii. labor iii. capital A) i only B) ii only C) iii only D) i and ii E) i, ii, and iii
Given an upward sloping supply curve, the more inelastic is demand, the greater the fraction of the burden of taxation that is borne by consumers
a. True b. False Indicate whether the statement is true or false
Deposits that banks keep on hand rather than lend out or invest are known as: a. reserves
b. securities. c. loans. d. bonds.
Refer to the information provided in Figure 1.4 below to answer the question(s) that follow.
Figure 1.4Refer to Figure 1.4. Which of the Panels shows a curve or line that has a slope that is first positive and then negative?
A. A B. B C. C D. D